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20130124
20130201
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CSPAN 1
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CSPAN
Jan 26, 2013 2:00pm EST
is that it is not always going to be cheap. once people start paying highway taxes like you do for gasoline, that is suddenly going to get more expensive. already you cannot recover your cost of those conversions. certainly do not need all us to pay for those conversions. the problem will be solved in the marketplace, particularly with what is available to us as a resource base today. and that is our own production. one other factor a lot of people miss, besides a wealth creation and all of those things, a big one is that the psychological benefit of us not being under the thumb of opec any longer. the american public likes to be independent. we like to be free. suddenly we can be free from what we have been under for 50 years. the psychological impact of that is huge. >> i have always thought the the impact of oil on american middle east policies was understated. there is an episode where he is looking at the equipment and the people and investment and he says, it costs a lot of money to steal oil. [laughter] i think you're right, there's a certain psychological advantage to it. griffin we
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